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1.7¢ mako gold limited

They raised over $28 million in the past three years. The market...

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ggwill

2,819 Posts.

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20/05/23

08:20

Post #: 67875295
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They raised over $28 million in the past three years. The market values it at $15 million. The sentiment seems poor towards gold/copper juniors. The producers are doing well.

1 May 2023 Placement Raised $2.6m
14 Oct 2022 Placement Raised $3.1m
8 Jul 2021 Placement Raised $10m
21 Aug 2020 Placement Raised $10m
1 Jun 2020 Placement Raised $3.25m

Originally posted by samthebatman: ↑

15 mill market cap (about 10 million EV) for an explorer with almost million oz is ridiculous. MKG being treated like they haven't even drilled a hole! Its pretty low volumes that are pushing the share price around now, so not too concerning at the moment, but its not good.

The shareholder base that this stock has attracted is slowly killing it. You look at Turaco (and others) who attract really sticky shareholders (a lot followed the management from the previous venture), they don't have these issues so much.

Also the artisanal miners never get that deep and are very very common across Africa (probably on every deposit discovered). I wouldn't be too phased by them being present at all. It is often a good signal.

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MKG Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 1.7¢		Change 0.000(0.00%)		Mkt cap ! $16.77M

Open	High	Low	Value	Volume
1.7¢	1.7¢	1.7¢	$8.5K	500K

Buyers (Bids)

No.	Vol.	Price($)
7	7955599	1.7¢

Sellers (Offers)

Price($)	Vol.	No.
1.8¢	4944601	11

View Market Depth

No.	Vol.	Price($)
7	7955599	0.017
4	6150000	0.016
2	917768	0.015
2	700000	0.014
1	230769	0.013

Price($)	Vol.	No.
0.018	4944601	11
0.019	2545146	6
0.020	1195873	2
0.021	1110400	3
0.022	169682	1

Last trade - 11.36am 12/11/2024 (20 minute delay)

MKG (ASX) Chart

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